The European Commission approved, on Thursday 2 June, €10 billion in Spanish scheme to support self-employed and companies across sectors in the context of Russia’s invasion of Ukraine.
This scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022.
The measure will be open to companies active in all sectors affected by the crisis, except credit and financial institutions. Eligible beneficiaries will be entitled to receive limited amounts of aid and liquidity support in the form of guarantees on loans.
In relation to the limited amounts of aid, the support will not exceed €35,000 per company active in the agriculture, fisheries and aquaculture sectors and €400,000 per company active in all other sectors. The guarantees will be granted by 31 December 2022.
Concerning liquidity support, the maturity of the guarantees cannot exceed 8 years, the guarantee premiums respect the minimum levels and the guarantees will be granted by 31 December 2022.
In addition, public support will be subject to conditions aimed at limiting undue distortions of competition. (Original version in French by Lionel Changeur)